OREANDA-NEWS. National Rating Agency has affirmed its reliability rating on Monolit Corporation LLC at 'A+'.

The rating affirmation is driven by the investment company's long operating track record, leading position in its home region, experienced and highly skilled personnel, consistent revenue generation, as well as its stable counterparty and strategic partner base.

The rating is pressured by the company's declining total turnover and modest profitability metrics. NRA also note that investments in the promissory notes of Monolit Corporation's corporate owners accounted for approximately 40% of the company's assets at the end of 3Q 2014. According to the company, several schemes for selling the promissory note are being discussed with the payors.

The timing of implementing the selected scheme is also negotiated. We will closely monitor the company's financial condition and revise the rating if its asset quality deteriorates.